Sandstorm Gold extends term of $100 million revolver to five years

By Angela McDaniels

Tacoma, Wash., July 21 – Sandstorm Gold Ltd. said it amended its $100 million revolving credit agreement, extending the term to five years.

The syndicate of banks includes Bank of Nova Scotia, Bank of Montreal and National Bank of Canada, according to a company news release.

Borrowings can be used for acquisition purposes.

The company said the revolver is subject to the same interest and standby fees as its previous revolver announced on Jan. 12, 2012.

Sandstorm is based in Vancouver, B.C. It provides upfront financing to gold-mining companies and receives gold streaming agreements in return.

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